Investing in Palmas de Gran Canaria, Las: 8 €/m²/month in rent and 4.5% gross yield
Buying in Palmas de Gran Canaria, Las costs 2,174 €/m² on average and renting goes for 8 €/m² a month, leaving a gross yield of 4.5% before costs and taxes. It sits somewhat above the Spanish average (4.2%), with purchase prices above the Spanish average.
8 €/m²/monthRent90 m² home: €741/month
2,174 €/m²Purchase90 m² home: €195,660
4.5%Gross yieldAnnual rent over purchase price
67/100Momentum50 = flat market
The map
Palmas de Gran Canaria, Las within Las Palmas
Where the municipality sits and how it compares with its neighbours.
Gross yield< 3%3–4 %4–5 %5–6 %≥ 6%sin datos
Administrative boundaries from the Spanish National Geographic Institute (CC BY 4.0). The Canary Islands are drawn shifted, as on any map of Spain.
The verdict
What the analysis sees
The specific signals the official data leaves about this market, before going into detail.
On gross yield it ranks 12 of 34 among the municipalities of its province.
Palmas de Gran Canaria, Las has 381,868 residents, an average gross household income of €31,862 a year, an approximate unemployment rate of 12% (above the Spanish average). These are signals of how deep housing demand runs, not of the risk of any one tenant.
In favour
Momentum 67/100Appraised prices, rents, transactions and population are all rising in the latest data.
107 properties analysedWe hold stock for sale here, each with its own investment score.
Against
0.71 repossessions per 1,000 dwellingsRepossession pressure above the average, a provincial figure that signals market stress.
The market
What it costs and what it earns
The market level in Palmas de Gran Canaria, Las and what it means for a buy-to-let buyer. Per-m² figures are converted to a reference home of 90 m².
22 yearsPrice / Rent (PER)Years of rent to pay off the purchase
6.1 yearsAffordabilityHousehold incomes to pay for 90 m²
28%Rent burdenAnnual rent as a share of household income
0.62%Urban IBIRate approved by the town hall
2,174 €/m²Purchase price
Spain 2,028 €/m²€/m² of transactions, population-weighted average
8 €/m²/monthRent
Spain 7 €/m²€/m² a month, population-weighted average
4.5%Gross yield
Spain 4.2%annual rent over purchase price, before costs
The comparison
Where it stands against the rest
Palmas de Gran Canaria, Las's percentile among the municipalities with enough data, computed on the same figure for all of them.
Gross yield4.5%
22
PeorMedianaMejor
Rent level8 €/m²/month
97
PeorMedianaMejor
Momentum67/100
78
PeorMedianaMejor
Within Las Palmas it ranks 12 of 34 on gross yield.
The demand
Demand, employment and liquidity
The structural depth of the market: how many people live here, what they earn, how much changes hands and what stress it carries. This is market context, never a measure of tenant risk.
2.9Market turnover
Spain 3.3transactions a year per 1,000 residents · more turnover, easier to resell
12%Unemployment (approx.)
Spain 11%registered unemployed over unemployed + social security contributors
€31,862Gross household income
Spain €31,185annual income tax returns (AEAT), population-weighted territorial average
11.5‰Net migration
Spain 12.8‰arrivals minus departures from abroad per 1,000 residents
0.71Repossession pressure
Spain 0.55housing repossessions per 1,000 dwellings of the provincial stock · 2025
Repossessions are a provincial figure (INE): they describe the market in Las Palmas, not this municipality alone.
The costs
Municipal costs and taxes
What the town hall and the cadastre set for this municipality, which is what the owner pays every year whether it is let or not.
0.620%Urban IBI rateApproved by the town hall
1996Last cadastral revisionThe older it is, the more outdated the cadastral value
€607/yearIBI on a standard homeEstimated on 90 m² and the average cadastral value
The trend
How it has moved
Official series for Palmas de Gran Canaria, Las over recent years. Where a series is missing, the municipality does not publish it.
Rent price index
INE · 2011 base = 100 · yearly
+3.3% interanual
Housing transactions
MIVAU · deals per year
+3.6% interanual
Registered unemployment
SEPE · yearly average
−4.7% interanual
Average gross income
AEAT · annual tax return
+4.9% interanual
Registered population
INE · yearly population register
0.0% interanual
Net international migration
INE · immigration − emigration · yearly
0.0% interanual
Recorded offences
Ministry of the Interior · cumulative
+79.8% interanual
Nearby
Alternatives in Las Palmas
Territories of the same level ranked by gross yield, to compare before deciding.
Where each figure comes from, over which territory and from what date. Confidence measures data coverage, never investment quality.
Data coverage
100/100
What this page does not show is what is not published about the municipality, not a zero.
official rent series (SERPAVI)
series sufficient to measure momentum
official appraised value (MIVAU)
estimated market level
our own adverts
When each figure is from
This is the latest figure published by each source for this municipality.
rent
2024
sale
2026Q1
household income
2023
official appraisal
2026Q1
population register
2025
registered transactions
2026Q1
registered unemployment
2026M06
MIVAUAppraised housing value and registered transactions
SERPAVIOfficial reference rent index
INEPopulation register, migration and repossessions
AEATAverage gross household income
SEPE and Social SecurityRegistered unemployment and contributions
CatastroCadastral value, age and IBI rate
InmobliaOur own catalogue of adverts, each with its investment score
An indicative statistical estimate for comparing markets, not an appraisal or an investment recommendation. Gross yield does not deduct costs, IBI, insurance, voids or taxes.
